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    Property profile & analytics

    12623 Meridian E Puyallup, WA 98373-3469

    • Strip malls
    • 8,000 SF
    • 1.66 lot acres
    OFF-MARKET
    Value Estimation
    $4,350,000
    Last Sale
    Jan 28, 2021
    $3,700,000
    Location Intelligence
    Property ID
    US90-1630511
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Elite Martial Arts Training Centers / Martial Arts School
    • Barber shop / Barber Shop
    • Donald R. Turner, OD / Optometrist
    • Rainier Sight & Sound / Optometrist / Optician
    • Making Eyecare Easy / Optometrist

    Property Details for 12623 Meridian E

    Year built
    1985
    Construction
    WOOD FRAME
    Lot size
    1.66 lot acres
    Property size
    8,000 SF
    Zone code
    UV
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    419103014
    APU
    419103014

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,780,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,000,000
      6.5%
      $3,655,000
      7%
      $3,650,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,340,000
      Geo Method
      $3,365,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,330,000
      Retail
      $4,265,000
      Mixed-Use
      $3,845,000
      Hospitality
      $3,960,000
      Educational
      $4,130,000
      Residential Income
      $3,525,000
      Energy
      $3,915,000
      Income-Based Land
      $3,795,000
      Food Service
      $3,910,000

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.292
    Latitude
    47.1413
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $40,177
    $2,314,800
    $1,492,600
    $3,807,400
    -
    $2,314,800
    $1,492,600
    $3,807,400

    Comparable in this City

    • Value Estimation by Request
      8,000 SF

      13210 Meridian E

      SHOPPING CENTER, STRIP CENTER • 8,000 SF
      13210 Meridian E, Puyallup, WA 98373-5629
      View Details
    • Value Estimation by Request
      14,400 SF

      5605 112th E St

      SHOPPING CENTER, STRIP CENTER • 14,400 SF
      5605 112th E St, Puyallup, WA 98373-4331
      View Details
    • Value Estimation by Request
      12,491 SF

      12314 Meridian E

      SHOPPING CENTER, STRIP CENTER • 12,491 SF
      12314 Meridian E, Puyallup, WA 98373-5061
      View Details
    • Value Estimation by Request
      10,705 SF

      4227 Meridian

      SHOPPING CENTER, STRIP CENTER • 10,705 SF
      4227 Meridian, Puyallup, WA 98373-3603
      View Details
    • Value Estimation by Request
      8,352 SF

      14201 Meridian E

      SHOPPING CENTER, STRIP CENTER • 8,352 SF
      14201 Meridian E, Puyallup, WA 98373-2407
      View Details
    • Value Estimation
      $5,535,000
      2,014 SF

      13613 Meridian E

      SHOPPING CENTER, STRIP CENTER • 2,014 SF
      13613 Meridian E, Puyallup, WA 98373-3664
      View Details

    Similar Nearby for Sale

    • $2,250,000
      5,375 SF

      Puyallup Retail Investment Opportunity

      Single tenant retail property with long-term tenant in Puyallup.
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      View Details
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      Renovated Commercial Building in South Hill

      Fully renovated two-story commercial building in high-traffic South Hill location.
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      Warehouse/Office Buildings with Retail Exposure

      Two standalone buildings with fenced yard and retail exposure.
      5722 112Th St SE, Puyallup, WA 98373
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    • $4,500,000
      16,748 SF

      Retail Property in Puyallup, WA

      Retail property available for sale in Puyallup, Washington.
      11220 Canyon Rd E, Puyallup, WA 98373
      View Details
    • $2,250,000
      5,375 SF

      Puyallup Retail Building For Sale

      5,375 SF building on 33,401 SF lot in Puyallup, WA.
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    • $799,000

      Auto Sales/Shop/Repair Investment Opportunity

      Commercial property in high-traffic location suitable for various business uses.
      14001 Meridian Ave, Puyallup, WA 98373
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      15,134 SF

      Meridian Square Retail Center

      Puyallup retail space for lease.
      11904 Meridian, Puyallup, WA 98373
      View Details
    • Contact for pricing
      46,903 SF

      Puyallup Retail Center Opportunity

      Prime Retail Space, Multiple Units Available
      4423-4621 Meridian, Puyallup, WA 98373
      View Details
    • $22 SF/Yr
      2,580 SF

      Retail Space in South Hill Center

      2,580 SF retail space with high visibility and traffic.
      4301-4307 S Meridian, Puyallup, WA 98373
      View Details
    • $35 SF/Yr
      2,000 SF

      Prime Retail Space in Puyallup

      Retail space in the heart of South Hill Puyallup.
      3705-3829 S Meridian, Puyallup, WA 98373
      View Details
    • $25 SF/Yr
      1,918 SF

      Retail Space in Puyallup

      Retail space available for lease in Puyallup, Washington.
      11904-11916 Meridian E, Puyallup, WA 98373
      View Details
    • $22 SF/Yr
      2,700 SF

      Retail Space with Garage Doors

      Retail space with frontage, signage potential, and ample parking.
      10023 128Th St E, Puyallup, WA 98373
      View Details
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    Puyallup, WA 98373-3469
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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